FURP.ORG / PUBLIC DATA EXPLORER

MUSIC CENTER FOUNDATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
MUSIC CENTER FOUNDATION (EIN 23-7298290)
Tax period
2010-04-01 to 2011-03-31
Filed
2012-03-15
IRS object ID
201230759349301168
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-03-15T18:45:37-05:00Timestamp
Tax Period End Date2011-03-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SINGERLEWAK LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line110960 WILSHIRE BLVD STE 700AddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900243783ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-04-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN237298290EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MUSIC CENTER FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMUSINameControl
Phone2139728046Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1135 NORTH GRAND AVEAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900123013ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSTEVEN BENSONName
TitlePRESIDENTTitle
Phone2139728046Phone
Date Signed2012-03-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLIOR TEMKINName
Phone3104773924Phone
Date Prepared2012-03-07DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSTEVEN BENSONNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1135 NORTH GRAND AVEAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900123013ZIPCode
FieldValueIRS element (for citing)
Gross Receipts7688250GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.MUSICCENTERFOUNDATION.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1973YearFormation
State Legal DomicileCAStateLegalDomicile
Activity Or Mission DescriptionENDOWMENT MANAGEMENT AND FINANCIAL SUPPORT OF PROGRAMMING AT LOS ANGELES' MUSIC CENTER.ActivityOrMissionDescription
Nbr Voting Members Governing Body17NbrVotingMembersGoverningBody
Nbr Independent Voting Members17NbrIndependentVotingMembers
Total Nbr Employees2TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI-71848TotalGrossUBI
Net Unrelated Business Txbl Income-71848NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year1641020ContributionsGrantsPriorYear
Contributions Grants Current Year2283646ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year2782110InvestmentIncomePriorYear
Investment Income Current Year5404604InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year4423130TotalRevenuePriorYear
Total Revenue Current Year7688250TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year5935129GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY5788985GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year333673SalariesEtcPriorYear
Salaries Etc Current Year339789SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year273915TotalFundrsngExpCurrentYear
Other Expense Prior Year363750OtherExpensePriorYear
Other Expenses Current Year234145OtherExpensesCurrentYear
Total Expenses Prior Year6632552TotalExpensesPriorYear
Total Expenses Current Year6362919TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-2209422RevenuesLessExpensesPriorYear
Revenues Less Expenses CY1325331RevenuesLessExpensesCY
Total Assets BOY312637115TotalAssetsBOY
Total Assets EOY346689617TotalAssetsEOY
Total Liabilities BOY179603577TotalLiabilitiesBOY
Total Liabilities EOY205078133TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY133033538NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY141611484NetAssetsOrFundBalancesEOY
Mission DescriptionTHE MISSION OF MUSIC CENTER FOUNDATION IS TO PROVIDE ENDOWMENT SUPPORT TO THE MUSIC CENTER/PERFORMING ARTS CENTER OF LOS ANGELES COUNTY, ITS EDUCATION AND ARTISTIC PROGRAMS AND RESIDENT COMPANIES THROUGH PLANNED GIVING FUNDRAISING AND ASSET MANAGEMENT.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense4213078Expense
Grants4213078Grants
DescriptionENDOWMENT DISTRIBUTIONS TO THE MUSIC CENTER/PERFORMING ARTS CENTER OF LOS ANGELES COUNTY, ITS EDUCATIONAL ACTIVITIES AND ITS AFFILIATED PERFORMING ARTS COMPANIES WHICH INCLUDE LOS ANGELES PHILHARMONIC ASSOCIATION, CENTER THEATRE GROUP, LOS ANGELES OPERA COMPANY AND THE LOS ANGELES MASTER CHORALE.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense1575907Expense
Grants1575907Grants
DescriptionTHE MUSIC CENTER FOUNDATION'S LAPA FUND MAKES DISTRIBUTIONS TO THE LOS ANGELES PHILHARMONIC ASSOCIATION.Description
FieldValueIRS element (for citing)
Total Program Service Expense5788985TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Donor Advised Funds1DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets1ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity1RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10966NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees2NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income1UnrelatedBusinessIncome
Form990-T Filed1Form990-TFiled
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members17NbrVotingGoverningBodyMembers
Number Independent Voting Members17NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture1InvestmentInJointVenture
Written Policy Or Procedure1WrittenPolicyOrProcedure
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1STEVEN BENSON PRESIDENTBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number2139728046TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1135 NORTH GRAND AVEAddressLine1
CityLOS ANGELESCity
StateCAState
ZIP Code900123013ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (18 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
PETER W MULLIN
CHAIRMAN1.00XX000
STEPHEN F HINCHLIFFE JR
VICE PRESIDENT/TREASURER1.00XX000
STUART M KETCHUM
VICE PRESIDENT/SECRETARY1.00XX000
FRANK BAXTER
DIRECTOR1.00X000
DAVID C BOHNETT
DIRECTOR1.00X000
WILLIAM LLOYD DAVIS
DIRECTOR1.00X000
JERROLD L EBERHARDT
DIRECTOR1.00X000
JOHN B EMERSON
DIRECTOR1.00X000
C DANIEL EWELL
DIRECTOR1.00X000
MARK FOSTER
DIRECTOR1.00X000
SARAH H KETTERER
DIRECTOR1.00X000
DARELL L KRASNOFF
DIRECTOR1.00X000
KENT KRESA
DIRECTOR1.00X000
MICHAEL A LAWSON
DIRECTOR1.00X000
BOWEN H MCCOY
DIRECTOR1.00X000
SUSAN C SCHNABEL
DIRECTOR1.00X000
MARC I STERN
DIRECTOR1.00X000
EDWARD RADA
PRESIDENT40.00X204688032219
FieldValueIRS element (for citing)
Total Reportable Comp From Org204688TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation32219TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MONTICELLO ASSOCIATES INCBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11200 17TH ST 2600AddressLine1
CityDENVERCity
StateCOState
ZIP Code80202ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesINVESTMENT CONSULTANTDescriptionOfServices
Compensation300000Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K
All Other Contributions2283646AllOtherContributions
Total Contributions2283646TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1016674TotalRevenueColumn
Unrelated Business Revenue-71848UnrelatedBusinessRevenue
Exclusion$1,088,522ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities4387930Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities4387930Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column4387930TotalRevenueColumn
Exclusion$4,387,930ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column7688250TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue-71848UnrelatedBusinessRevenue
Exclusion$5,476,452ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total5788985Total
Program Services5788985ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total242386Total
Management And General121193ManagementAndGeneral
Fundraising121193Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total50838Total
Management And General25419ManagementAndGeneral
Fundraising25419Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total29400Total
Management And General14700ManagementAndGeneral
Fundraising14700Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total17165Total
Management And General8583ManagementAndGeneral
Fundraising8582Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total23867Total
Management And General11934ManagementAndGeneral
Fundraising11933Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total231513Total
Management And General162092ManagementAndGeneral
Fundraising69421Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total143348Total
Management And General71674ManagementAndGeneral
Fundraising71674Fundraising

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total66567Total
Fundraising66567Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total5615Total
Management And General2808ManagementAndGeneral
Fundraising2807Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total5555Total
Management And General2778ManagementAndGeneral
Fundraising2777Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total30874Total
Management And General15437ManagementAndGeneral
Fundraising15437Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total52556Total
Management And General26278ManagementAndGeneral
Fundraising26278Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneralFundraisingFundraising
TELEPHONE468423422342
MISCELLANEOUS366118291832
PAYROLL SERVICE FEES318415921592
REIMBURSEMENTS-337279-168640-168639

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total6362919Total
Program Services5788985ProgramServices
Management And General300019ManagementAndGeneral
Fundraising273915Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY732705BOY
EOY3846798EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY17310182BOY
EOY18281842EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY4504911BOY
EOY4087034EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis23115LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec18317LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY4798BOY
EOY4798EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY109852012BOY
EOY114260339EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY180232507BOY
EOY206208806EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY312637115BOY
EOY346689617EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY105541BOY
EOY106163EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY179498036BOY
EOY204971970EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY179603577BOY
EOY205078133EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY37183467BOY
EOY43341123EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY95850071BOY
EOY98270361EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY133033538BOY
EOY141611484EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY312637115BOY
EOY346689617EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses1325331ReconcilationRevenueExpenses
Reconcilation Other Changes7252615ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2804019CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1903678CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years3669726CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2060032CurrentTaxYearMinus1Year
Current Tax Year2283646CurrentTaxYear
Total12721101Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2804019CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1903678CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years3669726CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year2060032CurrentTaxYearMinus1Year
Current Tax Year2283646CurrentTaxYear
Total12721101Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total1922957AmountsSubstContributorsTotal
Public Support Total17010798144PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2403820CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1947679CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1802298CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1533573CurrentTaxYearMinus1Year
Current Tax Year1088522CurrentTaxYear
Total8775892Total

Net UBI NetUBI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years-302369CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years-49206CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years-141377CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year-86431CurrentTaxYearMinus1Year
Current Tax Year-71848CurrentTaxYear
Total-651231Total
FieldValueIRS element (for citing)
Total Support20845762TotalSupport
Public Support Pertcentage1700.51800PublicSupportPertcentage170
Public Support Pertcent Prior Year0.53850PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Number DA Fs Held15NumberDAFsHeld
Donor Advised Contributions413717DonorAdvisedContributions
Grants Paid From Donor Funds341327GrantsPaidFromDonorFunds
Aggregate DAF Value8082513AggregateDAFValue
Disclosed Orgs Legal Control1DisclosedOrgsLegalControl
Disclosed For Charitable Purposes1DisclosedForCharitablePurposes

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance133033538BeginningOfYearBalance
Contributions2283646Contributions
Investment Earnings Or Losses12657219InvestmentEarningsOrLosses
Grants Or Scholarships5788985GrantsOrScholarships
Administrative Expenses573934AdministrativeExpenses
End Of Year Balance141611484EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance112622822BeginningOfYearBalance
Contributions2060052Contributions
Investment Earnings Or Losses24983216InvestmentEarningsOrLosses
Grants Or Scholarships5935129GrantsOrScholarships
Administrative Expenses697423AdministrativeExpenses
End Of Year Balance133033538EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance149773984BeginningOfYearBalance
Contributions4502073Contributions
Grants Or Scholarships6519007GrantsOrScholarships
Other Expenditures34455192OtherExpenditures
Administrative Expenses679036AdministrativeExpenses
End Of Year Balance112622822EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis23115OtherCostOrOtherBasis
Depreciation18317Depreciation
Book Value4798BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings4798TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescriptionBook ValueBookValue
DUE FROM AFFILIATED ORGANIZATIONS158002
FUNDS HELD FOR OTHERS200175574
SPLIT-INTEREST AGREEMENTS5875230
FieldValueIRS element (for citing)
Total Book Value Other Assets206208806TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescriptionAmountAmount
DISTRIBUTIONS PAYABLE$3,524,141
FUNDS HELD FOR OTHERS$200,175,574
OBLIGATION UNDER ANNUITIES & TRUSTS$1,272,255
FieldValueIRS element (for citing)
Total Of Amounts204971970TotalOfAmounts
Total Revenue7688250TotalRevenue
Total Expenses6362919TotalExpenses
Excess Or Deficit For Year1325331ExcessOrDeficitForYear
Net Unrealized GL On Investments7095125NetUnrealizedGLOnInvestments
Other$157,490OtherAmount
Total Adjustments7252615TotalAdjustments
Excess Or Deficit Per FS8577946ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt14940865TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments7095125NetUnrealizedGainsInvestments
Other Revenues157490OtherRevenues
Revenue Not Rptd F9907252615RevenueNotRptdF990
Revenue Subtotal7688250RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9907688250TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt6362919TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal6362919ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9906362919TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:PART V, LINE 4:ANNUAL DISTRIBUTIONS TO SUPPORT THE PERFORMING ARTS AT THE MUSIC CENTER/PERFORMING ARTS CENTER OF LOS ANGELES COUNTY AND ITS RESIDENT COMPANIES.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X:IN ACCORDANCE WITH ASC 740, "UNCERTAINTY IN INCOME TAXES," THE FOUNDATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE FOUNDATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED MARCH 31, 2011, THE FOUNDATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL INTEREST AND PENALTIES ASSOCIATES WITH UNCERTAIN TAX POSITIONS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2006.
PART XI, LINE 8 - OTHER ADJUSTMENTS:CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 157,490.
PART XII, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 157,490.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable (5 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistancePurpose Of GrantPurposeOfGrant
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
135 NORTH GRAND AVELOS ANGELESCA90012952217011501(C)(3)1130367FMVN/AGENERAL SUPPORT
LOS ANGELES PHILHARMONIC ASSOCIATION
135 NORTH GRAND AVELOS ANGELESCA90012951696734501(C)(3)2700167FMVN/AGENERAL SUPPORT
CENTER THEATRE GROUP OF LOS ANGELES INC
135 NORTH GRAND AVELOS ANGELESCA90012952466183501(C)(3)1073133FMVN/AGENERAL SUPPORT
LOS ANGELES OPERA COMPANY
135 NORTH GRAND AVELOS ANGELESCA90012952096402501(C)(3)771215FMVN/AGENERAL SUPPORT
LOS ANGELES MASTER CHORALE ASSOCIATION
135 NORTH GRAND AVELOS ANGELESCA90012952315682501(C)(3)114103FMVN/AGENERAL SUPPORT
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants5TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: MUSIC CENTER FOUNDATION REGULARLY MEETS WITH ALL GRANTEE ORGANIZATIONS TO ENSURE THAT FUNDS ARE USED AS INTENDED. FURTHER, ALL GRANTEE ORGANIZATIONS ARE KNOWN TO MUSIC CENTER FOUNDATION DUE TO THE PROXIMITY OF ALL ORGANIZATIONS INVOLVED.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonEDWARD RADANamePerson
Base Compensation Filing Org204688BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org0BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org20469DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org11750NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org236907TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifierExplanationExplanationReturn ReferenceReturnReference
FORM 990, PART VI, SECTION B, LINE 11THE AUDIT COMMITTEE MEETS WITH THE AUDITORS TO REVIEW AND DISCUSS A DRAFT OF THE FORM 990. ONCE APPROVED BY THE AUDIT COMMITTEE, THE FORM IS PRESENTED TO THE ENTIRE BOARD OF DIRECTORS. THE RETURN IS THEN ELECTRONICALLY FILED.
THE ORGANIZATION SENDS A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY TO THE BOARD OF DIRECTORS AND OFFICERS. THE QUESTIONNAIRES ARE REVIEWED TO ENSURE THEY ARE COMPLIANT WITH THE POLICY.FORM 990, PART VI, SECTION B, LINE 12C
A SURVEY OF COMPENSATION FOR COMPARABLE POSITIONS WAS PERFORMED AND APPROVED BY THE BOARD.FORM 990, PART VI, SECTION B, LINE 15
FORM 1023 AND ALL OTHER INFORMATIONAL RETURN DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.FORM 990, PART VI, SECTION C, LINE 18
THE MUSIC CENTER FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND INFORMATIONAL RETURNS AVAILABLE UPON WRITTEN REQUEST. THE INFORMATIONAL RETURNS ARE ALSO MADE AVAILABLE TO THE PUBLIC THROUGH WWW.GUIDESTAR.ORG, A PUBLIC WEBSITE.FORM 990, PART VI, SECTION C, LINE 19
CHANGES IN NET ASSETS OR FUND BALANCES:NET UNREALIZED GAINS ON INVESTMENTS: 7,095,125. CHANGES IN VALUE OF SPLIT-INTEREST AGREEMENTS 157,490. TOTAL TO FORM 990, PART XI, LINE 5: 7,252,615.FORM 990, PART XI, LINE 5:
SINCE THE FILING OF PRIOR YEAR 2009 INFORMATIONAL RETURN, THERE HAVE BEEN NO CHANGES TO THE AUDIT OVERSIGHT AND SELECTION PROCESS.FORM 990, PART XI, LINE 2C:
PROCEEDS FROM SALE OF STOCKS & COST OR OTHER BASISTHE MUSIC CENTER FOUNDATION HAS INVESTMENT ACCOUNTS, HEDGE FUNDS AND OTHER INVESTMENT PARTNERSHIPS WITH MANY STOCK TRANSACTIONS. DUE TO THE LARGE QUANTITY OF STOCK TRANSACTIONS, THIS INFORMATION IS NOT INCLUDED IN THE RETURN, BUT IS AVAILABLE UPON REQUEST.FORM 990, PART VIII, LINE 7A & 7B:

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrgControlledOrg
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
135 N GRAND AVELOS ANGELESCA90012952217011GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)170(B)(1)(A)(VI)THE MUSIC CENTER FOUNDATION0
LOS ANGELES PHILHARMONIC ASSOCIATION
135 N GRAND AVELOS ANGELESCA90012951696734GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)509(A)(2)THE MUSIC CENTER FOUNDATION0
CENTER THEATRE GROUP OF LOS ANGELES INC
135 N GRAND AVELOS ANGELESCA90012952466183GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)509(A)(2)THE MUSIC CENTER FOUNDATION0
LOS ANGELES OPERA ASSOCIATION
135 N GRAND AVELOS ANGELESCA90012952096402GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)509(A)(2)THE MUSIC CENTER FOUNDATION0
LOS ANGELES MASTER CHORALE AASSOCIATION
135 N GRAND AVELOS ANGELESCA90012952315682GENERAL SUPPORT OF ITS EXEMPT PURPOSECA501(C)(3)170(B)(1)(A)(VI)THE MUSIC CENTER FOUNDATION0
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents Royalties0ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org1GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org0GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org1LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org0LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org0SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org0PurchaseOfAssetsFromOtherOrg
Exchange Of Assets0ExchangeOfAssets
Rental Of Facilities To Other Orgs0RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs1RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs0PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs0PerformOfServicesByOtherOrgs
Sharing Of Facilities0SharingOfFacilities
Sharing Of Paid Employees0SharingOfPaidEmployees
Reimbursement Paid To Other Org1ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org1ReimbursementPaidByOtherOrg
Other Transfer To Other Org0OtherTransferToOtherOrg
Other Transfer From Other Org1OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (10 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
B1130367FMV
LOS ANGELES PHILHARMONIC ASSOCIATION
B2700167FMV
CENTER THEATRE GROUP OF LOS ANGELES INC
B1073133FMV
LOS ANGELES OPERA COMPANY
B771215FMV
LOS ANGELES MASTER CHORALE
B114103FMV
LOS ANGELES OPERA COMPANY
D3991222FMV
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
O389345FMV
LOS ANGELES PHILHARMONIC ASSOCIATION
P52056FMV
LOS ANGELES PHILHARMONIC ASSOCIATION
R6000000FMV
MUSIC CENTERPERFORMING ARTS CENTER OF LOS ANGELES COUNTY
R1718558FMV